Southampton: Hampshire & Regional Property Group’s flagship scheme under way
Hampshire & Regional Property Group has a £60 million regeneration scheme, The Fruit and Vegetable Market, underway at Southampton with the phase-one steel-frame structure starting to rise into the skyline. The scheme is on track to be completed by this time next year.
Off Queensway in the city centre and split across three blocks, the scheme will provide 84 one-bedroom and 195 two-bedroom apartments as well as almost 900 sq m of commercial space.
Highways work is taking place to create more on-street parking, and the construction of an underground car park in the second of the three buildings is in hand.
Allan Gordon, managing director of Hampshire & Regional Property Group, said: “On any given day there are at least 70 contractors working to bring this important project to fruition. This is a flagship scheme which will completely transform the area, bringing with it much needed homes and jobs.”
Councillor Simon Letts, leader of Southampton City Council, said: “This development is one of seven Very Important Projects that are underway in the city centre, the masterplan for which was implemented in 2012. An envisaged £3 billion of investment is coming in to the city, and this huge level of financial commitment has made Southampton the destination city on the South Coast.”
PMC Construction is the principal contractor appointed by Hampshire & Regional Property Group to build the scheme. Around 30 jobs could be created through the commercial space and an estimated 300 jobs created during the construction period. The scheme marks Southampton’s first ever Private Rented Sector (PRS) development.